The stock has been an underperformer over the last year and has traded flat over this period.
Muted margin performance in the June quarter has also led to a cut in earnings estimates by the brokerages. In addition, what could keep the stock under pressure in the near term are valuations that are in the expensive territory.
Going ahead, the Street will track the sales and margin trajectory. The sales growth in the quarter came in ahead of the estimates in a seasonally weak quarter due to lower sales of Vicks.
The 10 per cent sales growth in the quarter was a combination of product-price mix, premiumisation, and growth in the feminine hygiene category. Its annual growth rate over the past five years is 8 per cent.
For the full year (ending in June), the company reported a 7 per cent increase in sales to ₹4,192 crore.
هذه القصة مأخوذة من طبعة September 14, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة September 14, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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